Taxes - July 2007

I have a shop and its rented to one for doing clinical Lab.
That person is now asking for our Last "Tax Reciept" of that shop. He is telling that its for taking some kind of liecense and will return in some days.
1. I would like to know that is it safe to give the Tax Reciept to him? Will it make any problems to me?
2. Also we have not legally did an agreement for the RENTING of that bulding. Does it will cause any problems?
Please advice.

2007-07-27 19:16:51 · 2 answers · asked by Anonymous in India

If I change my status from dependent to independent, does it cost me anything? ie, 2006 I'm dependent, 2007 independent. My parents have never taken out a PLUS loan for me, although they did pay part of spring 07 tuition. I've made ~$12,000 this year, and that does not include the loans and scholarships that pay for my tuition. All my parents pay now is the cell phone bill. I am soon to be 20.

Thank you!

2007-07-27 17:53:45 · 4 answers · asked by ilovedurango 3 in United States

2007-07-27 17:47:06 · 5 answers · asked by LuvDylan 5 in United States

I just gave birth to my son a month ago. My mother and I got into an argument this evening and she blurted out that she is claiming my child on her income tax refund because I live with her. My boyfriend and I are moving out within the next two months. We're not married but him and I are still together and we decided that he would claim our son.

My mom also says that she's claiming me. I'm 18 years old.

Can my mom claim my son? Can she claim me? I'm not working at the moment so I cannot claim myself nor my son. What are the laws as far as her claiming my son is concerned?

2007-07-27 17:43:00 · 6 answers · asked by just.emily 1 in United States

2007-07-27 16:33:22 · 4 answers · asked by alex_saitta70 1 in United States

I need my philhealth number for employment is there a way i could find it in the philhealth website?

2007-07-27 16:27:43 · 1 answers · asked by reeseash 1 in Philippines

I finally got my money out of an old 401K account that I had from a company I have not worked for in several years. I took the check to my bank to open and IRA account and I am being told that every tax year I will have to pay taxes on the interest the money earns. I am confused, I thought the point of a retirement account was to have it tax deferred until the money was ditributed to you at retirement age!!! Can anyone help me understand? I have money I need to get into an account soon!!!

2007-07-27 16:26:47 · 5 answers · asked by William C 2 in United States

2007-07-27 14:37:49 · 3 answers · asked by Cessna123 1 in United States

If so, is there a minimum amount that you can make before you must claim it as income?

2007-07-27 14:27:34 · 10 answers · asked by Anonymous in United States

I own two properties(2 houses), should i get homestead on the one that cost more?
wich is better on tax?

2007-07-27 13:53:15 · 2 answers · asked by Luby 5 in United States

2007-07-27 13:34:22 · 12 answers · asked by TwinMomma 4 in United States

2007-07-27 13:33:41 · 8 answers · asked by Anonymous in United States

Someone told me student loan interest is only tax-deductable if you make under a certain ammt. of money and that its only deductable for the first few years after you graduate. Can someone who KNOWS the tax law please tell me what the rules are for this deduction? I don't want to take it if I am not eligible then get in trouble with the IRS. Thanks!

2007-07-27 13:27:43 · 2 answers · asked by Esmeralda 4 in United States

My exs wages are being garnished but by the irs but he says he received a state refund

2007-07-27 12:49:51 · 4 answers · asked by lilme 4 in United States

2007-07-27 12:26:16 · 3 answers · asked by kmgabbard07 1 in United States

trying to fine out how much tax is on inheirends

2007-07-27 11:29:54 · 3 answers · asked by tinafuller8607@sbcglobal.net 1 in United States

Does anyone know how earnest money received out of breach of contract is reported on the seller's income tax? If I was selling a property and the buyer posts (non-refundable) earnest money of $100,000 and backs out how would I report the money received on my taxes? Please site references

2007-07-27 11:09:58 · 6 answers · asked by mr.knowitall 1 in United States

2007-07-27 10:20:05 · 12 answers · asked by rj0435 1 in United States

We gave a tax accountant 3 years of tax information after she convinced us it was in our best interest to amend those years. She processed one year, things seemed to be going as planned. The deadline for the next year came, as did the excuses why it was not ready to refile, but the deadline passed and the excuses continued.

So we asked her to return our documents. For over a year now, we asked several times. There is always a reason why she didn't have a chance to look for them, or promises she will, etc. We have been patient, understanding, and growing more concerned. I am past the point of caring about the financial aspect of this, I just want our information back.

Recently, I offered to move boxes for her or assist in anyway as she said our docs were packed and moved to her current business location. A moment later she informed me she already returned everything to my wife, which she did not.

I am at a loss as to what to do next and would greatly appreciate any suggestions.

2007-07-27 09:53:28 · 11 answers · asked by nbnda 1 in United States

As we all know, we are taxed before we even see our money. Federal (IRS), Social Security, Medicare, State, Local and then once we get what's left - we are taxed again (sales tax, gasoline tax, tax on automobiles, property tax)

I was just wondering if anyone figured out how much of their money they pay out in taxes... it would be interesting to know since about 30% of most peoples income is taken out in taxes before they see it....

2007-07-27 09:49:33 · 3 answers · asked by Anonymous in Other - Taxes

My frickin mom told me to look it up and i dont even know what shes wanting me to look up about it. im only 13 so how am i supposed to know???? Can someone just give me the basic info? thank you.

2007-07-27 09:48:39 · 3 answers · asked by PSWii60 3 in Other - Taxes

2007-07-27 09:38:03 · 1 answers · asked by PATRICIA C 2 in India

Cryer has a site at http://www.truthattack.org. Don't we all have God-given RIGHTS to work and own property? If so, then how can the federal government properly tax the exercise of a right?

2007-07-27 09:20:25 · 10 answers · asked by Steve 2 in Other - Taxes

2007-07-27 08:44:25 · 4 answers · asked by Kelly B 1 in United States

i am not an American citizen but my husband is, so if i bring in money to US from some real estate that i sell back home in Russia, would i have to pay a tax in US on that money? if yes what would it be, and if no, then how do you know for sure?

2007-07-27 08:36:04 · 3 answers · asked by Anonymous in United States

I applied for a federal tax identification number for the stuff i sell on ebay; however i dont sell that many things, and am now concerned that maybe i shouldn't have done it. How do i cancel it? If i don't sell anymore do i still need to tell my tax person that i have an id number at the end of the year? Do i also need a state number if i decide to keep going? Thanks!

2007-07-27 08:35:50 · 3 answers · asked by reyna_0526 2 in United States

what do you think? to me being rich means u could quit your job right now and live off of your savings and money for the rest of your life

2007-07-27 08:26:44 · 3 answers · asked by Anonymous in United States

I want to get a list of deliquent property taxes for any of the NY counties. Does anyone know where and how I could get these?

2007-07-27 07:47:19 · 1 answers · asked by Jamie H 1 in Other - Taxes

I've had a Simple IRA for 5 years and I need to get the funds. I know that there will be a 10% penalty for early withdrawal and that I also need to pay federal tax on it as income. My question is what percentage do I need to have withheld? I know they automaticly take 10% unless you specify more. My tax bracket is 25%- is that what I should put on the distribution request? I don't want to owe a ton at tax time or worry about underpayment penalties...

2007-07-27 07:40:23 · 3 answers · asked by ravenchansan 1 in United States

I have quite a few medical bills this is the first time i have heard of medical deduction how is this...can someone explain this to me?..thank you

2007-07-27 06:55:08 · 5 answers · asked by LocaBella 1 in United States